3,993 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Purchased by Centiva Capital LP

Centiva Capital LP bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,993 shares of the technology company's stock, valued at approximately $770,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chevy Chase Trust Holdings LLC grew its holdings in Check Point Software Technologies by 69.6% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company's stock worth $4,502,000 after acquiring an additional 9,580 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Check Point Software Technologies by 27.8% during the third quarter. Benjamin Edwards Inc. now owns 7,927 shares of the technology company's stock worth $1,528,000 after purchasing an additional 1,726 shares in the last quarter. FSA Wealth Management LLC purchased a new position in Check Point Software Technologies in the third quarter valued at $27,000. Edgestream Partners L.P. acquired a new stake in Check Point Software Technologies in the third quarter valued at $252,000. Finally, Verition Fund Management LLC purchased a new stake in Check Point Software Technologies during the 3rd quarter worth about $493,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CHKP shares. Truist Financial raised their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. Robert W. Baird cut their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada restated a "sector perform" rating and issued a $187.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, Mizuho lifted their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of "Hold" and a consensus target price of $197.74.

Check Point Software Technologies Stock Down 0.7 %

NASDAQ CHKP traded down $1.23 during trading hours on Friday, hitting $186.82. 466,738 shares of the stock were exchanged, compared to its average volume of 614,080. The company has a market cap of $20.55 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 3.25 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12-month low of $143.28 and a 12-month high of $210.70. The stock has a 50-day moving average of $188.46 and a 200 day moving average of $179.47.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same period in the prior year, the business posted $1.80 EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Check Point Software Technologies Ltd. will post 7.86 earnings per share for the current year.

About Check Point Software Technologies

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.